TARIFF TRUCE

Grey River Argus, 16 May 1933, Page 6

TARIFF TRUCE

EIGHT NATIONS Make An Appeal (British Official Wireless). RI’GBY. May .12. A iminmimiqim issued by the Organ isatimi Committee of the Monetary and Eeemeniu Conference states that the following resolution was unanimously approved bv the committee: “The Governments of the United Kingdom. Germany. Be'gium, the United States. Erance. Italy, Jaoan ami Norway who are represented on the Organisation Committee, are convinced that it is essential for tln successful conclusion of the conference that measures of all kinds which at the present time mis direct and paralyse international trade b. not intensified, pending an opportunity for H>e conference to deal effectively with the problems created thereby, and recognise the urgency of a .opting at the beginning of the con ference a tariff trace, the provisions of which shall be laid down by common agreement. T h'se governments, bidng further convinced that immediate action is of great importance, them selves strongly urge all other govern-ne-ats ya rt ic i p:it ing in the conference to agree that they will not before June 12. nor during the proceedings of the conlerem-e adopt any new initiatives which might increase the difficulties now arresting international commerce, subject to the provision that they retain the right to withdraw from this agreement at an v time after July 31 1933. on giving one month’s piu’vious io lice t<> the conference. One of the main motives which brings the governments ot the world togelhtt - in ('on ference is to surmount obstacles to international trade mid these governments tie* cfore urge all other governments represented at the conferenc to act in conformity with the spirit of this object i ve. ’ ’ A note is added to the communique stating that it is understood that action would not lo' in conflict with the above resolution if taken in accord auci* with the considerations set out in that part of the draft agen la. which emplm sis-'s that some increase in the level of world prices is highly desir aide ami would be the first sign ol a world recovery. It is recognised among members of the organising commit t'*<‘ ‘hat good faith is the essence of the resol lit ion. which constitutes a “gen I'emeu’s agreement. ” The resoluti'-ii comes i' to inim<\liute effect among the signatories and Sir John Simon is at once communicating its terms to other nations and is inviting them to take similar action.